During European morning trade, the dollar was lower against the euro, with EUR/USD adding 0.14% to 1.2528.
Industry data showed earlier that German business confidence in July deteriorated to the lowest level since June 2010.
The German research institute, Ifo said its Business Climate Index fell by 0.9 point to a seasonally adjusted 102.3 in August from a reading of 103.2 in July, whose figure was revised from 103.3.
Analysts had expected the index to ease down by 0.6 points to 102.6 in August.
Meanwhile, investors remained cautious after German Chancellor Angela Merkel on Friday rejected Greece’s request to extend the timeframe given to implement its economic reform program.
Following talks with Greek Prime Minister Antonis Samaras, Merkel said it was up to Greece to show that it could implement the austerity measures agreed with its international creditors, but reiterated that the country should stay in the euro zone.
Market participants were also anticipating a speech by senior European Central Bank policymaker Joerg Asmussen later in the day.
The greenback was fractionally lower against the pound, with GBP/USD easing up 0.08% to 1.5824.
Elsewhere, the greenback was steady against the yen, with USD/JPY inching up 0.05% to hit 78.69, and lower against the Swiss franc, with USD/CHF falling 0.12% to trade at 0.9587.
The greenback was mixed against its Canadian, Australian and New Zealand counterparts, with USD/CAD slipping 0.19% to 0.9903, AUD/USD edging 0.05% lower to 1.0397 and NZD/USD inching up 0.06% to trade at 0.8116.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.10% to 81.55.
Trade was expected to remain thin on Monday, with markets in the U.K. remaining closed for a bank holiday weekend.
Source: http://www.forexpros.com/news/forex-news/dollar-steady-to-lower-as-markets-focus-on-euro-zone-237563
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